Veterinary Software Market worth 594 Million USD by 2022
According to market research report, "Veterinary Software Market by Product (Practice Management, Imaging, BI, Marketing), Delivery Model (On Premise, Cloud), Practice (Small Animal, Mixed, Large, Equine, Bovine), End User (Hospitals, Clinics, ASC, Emergency) - Global Forecasts To 2022", is projected to reach USD 594 million by 2022 from USD 442 million in 2017, at a CAGR of 6.1%. The growth of this market is majorly driven by factors such as the rising companion animal ownership, growing animal healthcare expenditure, growing product innovation and software integration, and the consolidation of the veterinary healthcare industry.
Browse 150 market data Tables, 41 Figures spread through 169 Pages and in-depth TOC on "Veterinary Software Market by Product (Practice Management, Imaging, BI, Marketing), Delivery Model (On Premise, Cloud), Practice (Small Animal, Mixed, Large, Equine, Bovine), End User (Hospitals, Clinics, ASC, Emergency) - Global Forecasts To 2022"
On the product, the global veterinary software market is segmented into practice management software, veterinary imaging software, and other software. In 2017, the veterinary practice management software segment is expected to grow at the highest CAGR during the forecast period. Veterinary practice management software helps veterinarians in appointment management, billing & invoicing, boarding management, maintaining patient records, prescription labeling, and treatment management.
This software reduces the possibilities of error and the overall cost of a veterinary healthcare facility. Such factors are likely to drive the market for veterinary practice management software.
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Veterinary hospitals & referral practices were the largest end users of veterinary software in 2017
Based on end user, the veterinary software market is segmented into veterinary hospitals & referral practices, clinics & ambulatory practices, and specialty & emergency hospitals. Veterinary hospitals & referral practices were the largest end users of veterinary software in 2017. This end-user segment is also estimated to grow at the highest CAGR during the forecast period majorly due to the extensive usage of veterinary software for the preparation, management, and analysis of patient databases for daily/weekly/annual animal hospital visits, monitoring veterinarians, and for easy and quick data accessing and sharing.
North America was the largest regional market for veterinary software in 2017
In 2017, North America was the largest regional market for veterinary software, followed by Europe. The high demand for veterinary software in North America can primarily be attributed to the growing demand for quality pet care in the region. Also, the growing awareness about veterinary software and the easy availability of veterinary software & services are the major factors that are expected to drive market growth in North America during the forecast period.
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